SIVR vs. PICK

Last updated Apr 2, 2026

Compare and contrast key facts about Aberdeen Standard Physical Silver Shares ETF (SIVR) and iShares MSCI Global Select Metals & Mining Producers ETF (PICK).

SIVR and PICK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIVR is a passively managed fund by Aberdeen that tracks the performance of the LBMA Silver Price ($/ozt). It was launched on Jul 24, 2009. PICK is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. It was launched on Jan 31, 2012. Both SIVR and PICK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SIVR vs. PICK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aberdeen Standard Physical Silver Shares ETF (SIVR) and iShares MSCI Global Select Metals & Mining Producers ETF (PICK). The values are adjusted to include any dividend payments, if applicable.

SIVR vs. PICK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SIVR Aberdeen Standard Physical Silver Shares ETF	5.81%	145.34%	21.08%	-0.91%	2.59%	-12.33%	47.52%	15.17%	-8.96%	5.97%
PICK iShares MSCI Global Select Metals & Mining Producers ETF	12.68%	51.89%	-16.37%	9.69%	2.54%	22.61%	27.46%	16.47%	-18.65%	38.42%

Returns By Period

In the year-to-date period, SIVR achieves a 5.81% return, which is significantly lower than PICK's 12.68% return. Over the past 10 years, SIVR has outperformed PICK with an annualized return of 17.10%, while PICK has yielded a comparatively lower 16.24% annualized return.

SIVR

• 1D: -0.06%
• 1M: -16.47%
• YTD: 5.81%
• 6M: 58.90%
• 1Y: 123.03%
• 3Y*: 45.76%
• 5Y*: 24.34%
• 10Y*: 17.10%

PICK

• 1D: 2.23%
• 1M: -10.11%
• YTD: 12.68%
• 6M: 30.83%
• 1Y: 65.57%
• 3Y*: 14.65%
• 5Y*: 11.32%
• 10Y*: 16.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SIVR vs. PICK - Expense Ratio Comparison

SIVR has a 0.30% expense ratio, which is lower than PICK's 0.39% expense ratio.

PICK

iShares MSCI Global Select Metals & Mining Producers ETF

SIVR

Aberdeen Standard Physical Silver Shares ETF

Return for Risk

SIVR vs. PICK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SIVR

SIVR Risk / Return Rank: 86
SIVR Sharpe Ratio Rank: 92
SIVR Sortino Ratio Rank: 83
SIVR Omega Ratio Rank: 91
SIVR Calmar Ratio Rank: 87
SIVR Martin Ratio Rank: 78

PICK

PICK Risk / Return Rank: 92
PICK Sharpe Ratio Rank: 93
PICK Sortino Ratio Rank: 92
PICK Omega Ratio Rank: 91
PICK Calmar Ratio Rank: 92
PICK Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SIVR vs. PICK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Silver Shares ETF (SIVR) and iShares MSCI Global Select Metals & Mining Producers ETF (PICK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SIVR	PICK	Difference
Sharpe ratio Return per unit of total volatility	2.17	2.25	-0.08
Sortino ratio Return per unit of downside risk	2.24	2.75	-0.52
Omega ratio Gain probability vs. loss probability	1.40	1.41	-0.01
Calmar ratio Return relative to maximum drawdown	2.83	3.42	-0.59
Martin ratio Return relative to average drawdown	8.74	13.63	-4.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SIVR vs. PICK - Sharpe Ratio Comparison

The current SIVR Sharpe Ratio is 2.17, which is comparable to the PICK Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of SIVR and PICK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SIVR	PICK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	2.25	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.41	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.57	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.18	+0.15

Correlation

The correlation between SIVR and PICK is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SIVR vs. PICK - Dividend Comparison

SIVR has not paid dividends to shareholders, while PICK's dividend yield for the trailing twelve months is around 2.55%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SIVR Aberdeen Standard Physical Silver Shares ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PICK iShares MSCI Global Select Metals & Mining Producers ETF	2.55%	2.88%	3.26%	4.19%	6.93%	5.89%	2.27%	5.51%	4.77%	2.41%	1.15%	15.77%

Drawdowns

SIVR vs. PICK - Drawdown Comparison

The maximum SIVR drawdown since its inception was -75.85%, which is greater than PICK's maximum drawdown of -68.87%. Use the drawdown chart below to compare losses from any high point for SIVR and PICK.

Drawdown Indicators

	SIVR	PICK	Difference
Max Drawdown Largest peak-to-trough decline	-75.85%	-68.87%	-6.98%
Max Drawdown (1Y) Largest decline over 1 year	-42.42%	-19.54%	-22.88%
Max Drawdown (5Y) Largest decline over 5 years	-42.42%	-36.37%	-6.05%
Max Drawdown (10Y) Largest decline over 10 years	-42.42%	-52.72%	+10.30%
Current Drawdown Current decline from peak	-35.45%	-10.20%	-25.25%
Average Drawdown Average peak-to-trough decline	-47.99%	-24.36%	-23.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.75%	4.91%	+8.84%

Volatility

SIVR vs. PICK - Volatility Comparison

Aberdeen Standard Physical Silver Shares ETF (SIVR) has a higher volatility of 16.98% compared to iShares MSCI Global Select Metals & Mining Producers ETF (PICK) at 11.93%. This indicates that SIVR's price experiences larger fluctuations and is considered to be riskier than PICK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIVR	PICK	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.98%	11.93%	+5.05%
Volatility (6M) Calculated over the trailing 6-month period	57.26%	22.06%	+35.20%
Volatility (1Y) Calculated over the trailing 1-year period	57.02%	29.29%	+27.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.30%	27.52%	+7.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.39%	28.47%	+2.92%